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response was under bill clinton there was great economic prosperity. the whole land of obama is about bill clinton and how nifty the economy was under him. i would have given a limb to see mitt romney turned to him and say mr. president, i knew bill clinton. [laughter] >> our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years we average 3.3% growth a year. this president is fond of saying -- the worst economy in the history of the universe and everything by the way is george w. bush's fault. he doesn't have much historical memory when he makes that argument. any of you remember in 1978-1979? double digit unemployment, 22% interest rates, gas lines, stagflation, in 1980 and very different president got elected. ronald reagan liked barack obama and inherited a struggling economy. and reagan implemented policies 180 degrees opposite, instead of jacking up taxes. he cut taxes. instead of exploding spending and the debt he restrained the growth of spending instead of unleashing the hounds of regulator
debate, how striking was it that when mitt romney presto, from his response was, well, under bill clinton there was great economic prosperity are the holy observer, is all about bill clinton and how nifty the economy was under him. i've got to tell you, i would've given a link to see that romney turned to him and say, mr. president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years has averaged 3.3% growth a year. and this president is fond of saying he inherited the worst economy in the history of the universe. and everything, by the way, is george w. bush's fault. he doesn't have much historical memory when he makes that argument. any of you all remember 1978, 1979? double-digit unemployment, 22% interest rates gas lines, stagflation in 1888 different president. ronald reagan inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. incentive jacking up taxes, he slashed taxes. instead of exploding spending on the
increase. >> you said that about bill clinton in 1993. not a single republican voted for his tax increase, and we had 23 million new jobs. >> it doesn't keep up with population growth. >> i'll tell you this. >> we are not growing our way out of this, and obama doesn't want to grow. >> regarding the clinton tax hike of '93, first of all, the economy didn't do so great after that tax hike. it was later when he cut the capital gains tax. >> that's not true, larry. look at the numbers, larry. that's not true. >> we cut spending, keith. >> but the fact is, george papa bush gave clinton a really strong 4% economy. right now you've got a whole different situation. >> wait a minute. so you can talk about the senior bush but you can't talk about the younger bush and what he gave president obama? is this not hypocrisy? >> papa bush gave him a better economy. i've got to get out of here. >> it's after the election, you lost, larry. get over it. >>> do you think someone earning $250,000 a year is rich? please tweet us @thekudlowreport. we'll read them later in the show. >>> guess what? nancy pelosi i
the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
: just a related note. jim saying president bush read -- raise taxes and bill clinton ran on the worst economy in 50 years. guest: to the last caller, i do not mean to disappoint you. i agree with what you are saying. we do not have a position that we should lower taxes on corporations. there are some democrats saying that. it seemed crazy to me. we desperately need the revenue to kickstart our economy. when you talk about the fact that our government has been captured by lobbyists and corporate interests, when i talk about -- talk to moveon members, that is the first thing they say. banks have absolutely capture the regulatory process. oil companies have a huge amount to say about what the energy regulations are. you can go right down the list. i totally agree that we have to change how campaigns are financed in this country and the revolving door that allows people to zoom right out of government into lobbying and back and forth. that door should be slammed shut. there are things we need to do to break the ties between corporations and big business and the government that should be s
. and clinton was directly involved. i can remember getting calls from him at weird hours of the night. i always wondered what he was doing up. [laughter] he would know the section of a bill and how much money was in it. and i remember one like the schip, the children's health care program. he said, can we add 10 million more which was chicken feet. he made concessions to us and we made concessions to him and we got the job done. i think i am going to act a little bit like a republican. first off, while the democrats won, i wouldn't call this a mandate. if there's a mandate, it is for the president and the congress to start working together. he doesn't talk to members of congress. democrats will tell you that. he just -- he hasn't been engaged. and the problem is not enough revenue. the problem is too much spending. now, i sound like a republican. the solution, though, is we're going to find a way to get more some revenue and the ways to do it that would still provide growth in the economy without stifling growth and we're going to have to get entitlement reform. we're going to have to control s
Search Results 0 to 5 of about 6

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